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Strategies & Market Trends : Young and Older Folk Portfolio

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From: chowder10/1/2025 2:11:24 PM
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MDB is a recent purchase in a couple of portfolios I manage and have already added to them. Up +3.89% as I type.

MongoDB in focus as Wells Fargo initiates with Overweight rating
Today, 1:23 PM

MongoDB (NASDAQ: MDB) was in focus on Tuesday as Wells Fargo initiated coverage on the enterprise software company with an Overweight rating and $430 price target.

“AI native companies and enterprises are already building AI products utilizing Mongo's relational database architecture,” Wells Fargo analyst Ryan MacWilliams wrote in a note to clients. “This is a good sign as we believe agentic coding is now accelerating AI agent building and total software development. We believe MDB is a more immediate beneficiary from the elevated agentic coding efficiency gains, as larger customers build more projects. Faster modernization and enterprises/startups building AI underscores multi-year growth for MDB.”
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